Eurozone final CPI picks up in Jan, but misses expectations

The annualized Euro zone CPI figures accelerated in Jan, although came in below estimates, the final print showed on Thursday.

Euro zone’s consumer prices rose 0.3% y/y in January, as compared to the 0.2% uptick seen in December. However, the figures failed to meet market estimates that had predicted a 0.4% rise.

The more important core figures, stripped of alcohol, tobacco, food and energy, rose 1.0% y/y last month, having booked the same in December.

The CPI gauge on monthly basis, climbed sharply higher by 1.4%, following the zero growth witnessed in December.